Lexington Corporate Center_Property for Sale

3225 Neil Armstrong Boulevard, Eagan, MN, 55121, US

Lexington Corporate Center

Asset Description

Jones Lang LaSalle (“JLL”), as exclusive advisor to the Owner, is pleased to present to investors the opportunity to acquire Lexington Corporate Center, a premier industrial asset totaling 48,884 square feet in the coveted Airport Southeast industrial submarket, Minneapolis. The asset is currently 89.2% leased to four (4) tenants providing investors with durable cash returns, an attractive 6 year weighted average lease term (WALT), a phenomenal suburban location, and positive leasing momentum.

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Attributes

Building area net

76,500 sf

Occupancy

89%

Year built

1998

Land area gross

5.97 acres

WALT

6 years

Clear height

19 ft

Media

Investment Highlights

Prime Location: Situated in the Eagandale Business Park, the property offers excellent visibility on Lexington Avenue and convenient access to major highways (I-35E, I-494, Hwy-55) and Minneapolis/St. Paul International Airport.
Flexible, Modern Facility: High-image modernized facility built in 1998 with versatile space options (office, tech, light manufacturing, or warehouse), 19’ clear, spacious 36’x36’ column spacing, flexible loading options with the ability to add more doors and accommodate different tenant sizes ranging from 9,684 SF to 29,673 SF.
Business Amenities: Proximity to numerous amenities, minutes away from Minneapolis/St. Paul International Airport and located in a business-friendly area with 4,912 total businesses and 111,333 total employees within 5 mile radius.
Robust Local Market: Located in the SE Airport Micro-market, which boasts a low 3.6% total vacancy rate with zero (0) square feet of under development industrial reported for 2025, and zero (0) completed industrial projects in the past 12 months.
Mark-to-Market: The in-place leases within Lexington Corporate Center are approximately 6.9% below mark-to-market rents, not including the new market rent potential of Vacant Suite 700, that features 8,251 SF of ready-to-lease space. In the meantime, investors can enjoy immediate, stable cash flows with a 6 yr. WALT, at 89% occupancy.